QUESTION 2 – PRODUCTIVITY (25) Fikile’s Furnishers manufactures wooden tables for the local market.

QUESTION 2 – PRODUCTIVITY (25)

Fikile’s Furnishers manufactures wooden tables for the local market. The production figures are shown in the table below:

2014

2015

2016

2017

Output

560 500

678 500

779 050

1 050 225

Number of workers employed

25

30

46

55

Working hours per day

7.5

7.5

7.5

9

Working days per annum

240

245

250

260

Material cost (R’s)

125 000

175 000

250 000

400 000

2.1 Calculate the multifactor productivity for the years 2014 to 2017 for the above. (10)

2.2 Analyse the multifactor productivity and advise Fikile on the state of his operations. (5)

2.3 What should Fikile’s Furnishers do to improve productivity? (10)

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